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Popovici Nitu Stoica & Asociatii has advised Dedeman on its EUR 120 million acquisition of "The Office" — an office complex in Cluj-Napoca, Romania — from NEPI Rockcastle and Mulberry Development. Reff & Associates advised the two sellers. Additionally, PeliFilip/Peli Partners acted as strategic adviser to one of the sellers, Mulberry, on the SPA.

The Office complex, which was developed by NEPI Rockcastle and Romanian entrepreneur Ovidiu Sandor (the founder of Mulberry) in the summer of 2017, has a leasable area of 63,600 square meters. According to PNSA, the complex generates EUR 5.1 million per year in rents from tenants such as Bosch, Bombardier, Deloitte, Ernst & Young, HP, and MOL. Dedeman is a Romanian do-it-yourself retailer that is owned by local investors Dragos and Adrian Paval.

A team led by Francisc Peli — first at PeliFilip and then, after he and his team left that firm to launch a new one, at Peli Partners — provided additional support to Mulberry. That team included Senior Associate Mirabela Maria and Associate Lavinia Ghencea.

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